Celestica (CLS) Reaches New 1-Year Low at $9.09

Celestica Inc (NYSE:CLS) (TSE:CLS) hit a new 52-week low on Friday . The stock traded as low as $9.09 and last traded at $9.10, with a volume of 327246 shares. The stock had previously closed at $9.35.

Several equities research analysts have recently weighed in on CLS shares. Macquarie upgraded Celestica from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 10th. TheStreet downgraded Celestica from a “b-” rating to a “c+” rating in a report on Thursday, October 25th. Beacon Securities upgraded Celestica from a “hold” rating to a “buy” rating in a report on Wednesday, October 10th. BMO Capital Markets set a $12.00 price target on Celestica and gave the stock a “hold” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research downgraded Celestica from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.40.

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.79 and a quick ratio of 1.10. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 5.78 and a beta of 0.62.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.14. Celestica had a return on equity of 4.03% and a net margin of 0.82%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. As a group, analysts expect that Celestica Inc will post 0.39 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in CLS. Goodman Financial Corp grew its stake in Celestica by 2.6% in the second quarter. Goodman Financial Corp now owns 300,500 shares of the technology company’s stock worth $3,567,000 after purchasing an additional 7,505 shares in the last quarter. Cumberland Partners Ltd bought a new stake in Celestica during the 2nd quarter valued at $5,176,000. CIBC Asset Management Inc boosted its position in Celestica by 2,736.7% during the 2nd quarter. CIBC Asset Management Inc now owns 1,481,221 shares of the technology company’s stock valued at $17,614,000 after acquiring an additional 1,429,004 shares in the last quarter. Janus Henderson Group PLC boosted its position in Celestica by 27.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,051,770 shares of the technology company’s stock valued at $48,095,000 after acquiring an additional 884,595 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Celestica by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 614,014 shares of the technology company’s stock valued at $7,288,000 after acquiring an additional 12,027 shares in the last quarter. 68.16% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Celestica (CLS) Reaches New 1-Year Low at $9.09” was published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.com-unik.info/2018/12/16/celestica-cls-reaches-new-1-year-low-at-9-09.html.

Celestica Company Profile (NYSE:CLS)

Celestica, Inc engages in the provision of supply chain solutions globally to original equipment manufacturers and service providers in the communications, consumer, computing and diversified end markets. The company offers design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

Read More: Asset Allocation, Balancing Your Investments

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit